Muhtar Kent is best known as the CEO and chairman of the Board of Coca-Cola company. Ahmet Muhtar Kent was born in New York to Turkish parents Parents, Necdet Kent, Turkish council general and Sevim Kent. He has dual nationality of United States and Turkey. Ahmet Muhtar did his schooling from Tarsus American College in Mersin, Turkey. He attended University of Hull, United Kingdom and later got his degree in Business administration from Cass Business School. He is married to Defne Kent and has two children. His daughter Selin Kent is a high end jewelry designer. They live in Atlanta, United States.
He started his career at The Coca-Cola Company from Izmir, Turkey. He got the job from a newspaper ad. This was in the year 1978. His profile was distribution, marketing and logistics.
After 7 years of service at The Coca-Cola Company, he was made general manager for Turkey and central Asia and his base was shifted to capital city of Turkey.
In 1988, he was promoted as president for East Central Europe Division. He was based at Vienna.
After twenty years of service at Coca-Cola Company, he joined Efes Beverage Group at Anadolu Group, as the CEO. He extended company’s business from Serbia to Asia (Pakistan).
Kent rejoined his first company as president and COO for a bigger territory this time, Northern part of Asia, Eurasia and Middle East Group. His reporting was to Chairman and CEO of Coca-Cola.
In early 2006, he was further promoted as president, International Operations. All the president of Coca-Cola divisions outside North America were reporting to Ahmet Kent.
He became CEO of the company in 2008 and later chairman of the board and chief executive officer.
He will be stepping out of this position as CEO in May 2017. He will continue as chairman board of directors
Muhtar Kent holds several positions with different organisations to name a few he is the co-chairman of consumer goods forum, chairman of US_ASEAN Business council, Board of Director of the American Turkish Society and National Committee on UNited States-China relations, honorary degree by the Georgia Institute of Technology and was listed as a possible running mate for Hillary Clinton (presidential elections).
How much is Muhtar Kent Net worth in 2017
It is estimated that he was paid USD $23 million by Coca Cola company as his role for chairman of the board and CEO till 2015. He is estimated to have received about USD $16 million as compensation in the year 2016.
The breakdown of his compensation is as follows salary (USD $1.6 million), options (USD $9.5 million) and incentives (USD $4.1 million). The remaining is contributed towards travelling, retirement compensation etc. His SEC filings indicate a raise of USD $14.6 million from 2015.
Muhtar Kent had a rough year in 2014, where his pay was reduced by fourty-two percent (from USD 25 million to USD $14.6 million) as a result of fewer stock and awards option.
Ahmet Muhtar Kent, the American-Turkish man, is the prominent personality in the beverage industry. He has started his career at the base level and reached to the top position of The Coca-Cola company.